UK firm buys Texas-based Healthpoint for $782 mln

LONDON (AP) ? British medical technology company Smith & Nephew PLC says it is buying Texas-based Healthpoint Biotherapeutics for $782 million.

Smith & Nephew CEO Olivier Bohuon said Wednesday that the acquisition would strengthen the company's position in bioactive wound care.

Bohuon said, "It brings material revenues from a fast growing product range, an attractive pipeline, and commercial and R&D capabilities upon which we will build."

The British company said Healthpoint, which has 460 employees, would continue to be based in Fort Worth.

Source: http://news.yahoo.com/uk-firm-buys-texas-based-healthpoint-782-mln-105013520--finance.html

troy tulowitzki katie couric good morning america the rock vs john cena acm awards 2012 january jones ncaa final game reba mcentire